Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African country’s first such bidding round since 2014. “We are proceeding with promotion activities because the blocks have already been identified and the data is in place,” Charles Sangweni, director general of Tanzania’s Petroleum Upstream Regulatory Authority (PURA), told Bloomberg in an interview published on Thursday. Of the 26 exploration blocks on offer, three are in Lake Tanganyika and the rest…